(a) The commission may contract with a transportation corporation constructing a highway for the commission to supervise the construction of the highway and provide construction management services for the corporation.
(b) The transportation corporation shall pay the commission for the supervision and management services at the time the services are provided.

Terms Used In Texas Transportation Code 224.065

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  Previous section
Next section  
 Subchapter C Contents